$998,900
About this home
2.33 acres - 5 DETACHED HOMES with City Utilities (2 rented) and a 6th vacant lot ready to build, each with Family room, 2 Bed rooms, 1FB on 2.33 acres of prime land offNew Bern Ave, close to Wake Med and just 5 miles from downtown Raleigh! Terrific investment opportunity! Some work needed in 3 of the 5 homes beforethey can be occupied. BEING SOLD 'AS IS'. No Appraisal contingency. Average rent is $750/month. Much higher rent potential. There are no long term leases so buyer can start with new tenant/rent. Please check the new Raleigh zoning and potentail for multiple homes and ADU units. Home is said to bein one of Raleigh's redevelopment areas. Please check https://Useful info at: https://user-2081353526.cld.bz/UnifiedDevelopmentOrdinance
Property details
- MLS #
- 10144956
- Property type
- Ranch
- Subdivision
- Beacon Lake
- Status
- Active
- Days on market
- 201
- On market date
- February 6, 2026
- Stories
- N/A
- Garage spaces
- N/A
- Lot size
- 2.33 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 290
- Student:teacher ratio
- 10.0:1
- District
- Wake County Schools
- Enrollment
- 609
- Student:teacher ratio
- 12.4:1
- District
- Wake County Schools
- Enrollment
- 1,387
- Student:teacher ratio
- 13.1:1
- District
- Wake County Schools
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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated July 18, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.